CAP for Corporate Income Tax (CIT) Rebates Raised Singapore’s Minister of Finance, Heng Swee Keat announced in Budget 2018 that the cap for the Corporate income Tax (CIT) Rebate for YA 2018 will be raised to 40% of the corporate tax payable subject to a cap of $15,000. This is an increase from the previously announced rebate…
Dear Valued Clients, Welcome to our E-Newsletter May 2018 In the recent Monetary Authority of Singapore (MAS)’s half-yearly macroeconomic review, Singapore’s economic outlook remains positive despite global trade risks. The review has actually supported MAS’s decision to tighten monetary policy for the first time in six years. Also, it was announced that (based on advance…
Importance Of Informing ACRA / IRAS On Changes – Company Owners Must Know All company owners in Singapore are advised to file any change of name or office address with the Accounting and Corporate Regulatory Authority (ACRA) immediately. This can be done online via ACRA Bizfile. There is no need to inform or update IRAS separately of the change in…
New Amendments to the Implementation of Section 121 of the Companies Act 2014 As of 20th April 2018, Section 121 of the Companies (Amendment) Act 2014 took effect, and with those changes comes the introduction of new sections 202A and 202B of the Companies Act. These regulations have successfully come into effect, and concurrently, the…
Singapore Visa for Indian Nationals and other Level 1 Countries Explained in Brief With the influx of Indian nationals into Singapore, be it as a tourist, or as an entrepreneur, the visa application for Indian passport holders has become easier and faster. From April 1, 2009 onwards, the individual walk-in visa application for Level 1…
Accounting Standards Council Singapore (ASC) Issues New Amendments The Accounting Standards Council Singapore (ASC) recently issued several amendments to the Singapore Financial Reporting Standards (International) (SFRS(I)s) and Financial Reporting Standards (FRSs). These include annual improvements to SFRS(I)s 2015-2017 Cycle, effective for annual reporting periods beginning on or after 1 January 2019; and improvements to FRSs (March 2018), effective…
Start a Singapore Company as One of the Strategies of Asset Protection Did you know that incorporating a company is one of the important steps to ring-fence your business as well as a part of asset protection? Are Your Business Assets At Risk? Every business has its own assets and every business assets are…
How to Begin a Business in Singapore For decades, Singapore has been ranked at the top of the World Bank’s ranking of the easiest places to do business. The reasons are simple but powerful: A strategic location, legal and judicial system, and the vibrant government-pro investment climate helped transform Singapore into a regional economic powerhouse.…
Getting Your Future Started with DBS & 3E Accounting 3E Accounting, Singapore’s leading service provider for Singapore company incorporation, accounting, tax, payroll, immigration and compliances services in Singapore is proud to announce that they are qualified as one of the top 6 referral partners for new DBS Bank account openings. DBS Banks is one of…
3E Accounting Does Not Discriminate Among Graduates 3E Accounting Pte. Ltd. was pleased to be mentioned in TODAY as a Singapore Firms that does not discriminate between AU or PEI graduates, on 8 April 2018. TODAY 8 April 2018 write-up on “Lower pay, discrimination: Some of the hurdles facing private university grads”. The issue was thrown into…
Dear Valued Clients, Welcome to our E-Newsletter April 2018 As we usher in another quarter of 2018, we can see that Singapore’s economy has seen a positive performance in the first three months of the year. Much of the lift has come from the trade-related sectors, where the main upswing was led mainly by the…
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Signed To Lower Trade Barriers Across The Region In view of increasing protectionism, ministers from 11 countries recently signed a revised Trans-Pacific Partnership. The signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which took place in Chile signals a commitment to lower barriers to…
